QUESTION:

Second Reverse Mortgage

Can I purchase a home with a Reverse Mortgage I currently have a Reverse Mortgage Skansken
asked by skansken, 9/13/2008
Categories: Reverse Mortgage Calculators, Sell/Buy a Home
ANSWERS:
Answered by: Editorial, 09/14/08
Overall Rating: Be the first to rate it.

I am not sure I understand your question.

You must live in the home in order to have a Reverse Mortgage on it. So, you can not have a Reverse Mortgage on two homes at one time.

But, if you are interested in using your Reverse Mortgage loan amount to purchase a second home, that is indeed possible... assuming you can get the proper financing, etc...

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